Share: The NZD/USD is back into Friday’s lows as the US Dollar sees a late bid on Friday. The Kiwi continues to face topside rejection as broader markets choose safer havens. Kiwi traders will be looking ahead to next Tuesday’s NZ labor figures. The NZD/USD is ticking back towards 0.5800 heading into the
NZDUSD sellers failed on a break below a key trend line on the daily chart this week. Does that failed break open a door for buyers going forward? Not so fast! Buyers have some control on the failed break, but they need to do more. In this video, I take a look at the NZDUSD
Share: The NZD/USD hit a new low for the year as the Kiwi loses ground against the US Dollar. Markets twisted following a dovish showing from Fed Chair Powell, but the Kiwi extends downside momentum. New Zealand Trade Balance figures failed to inspire meaningful momentum. The NZD/USD slipped into a fresh low for
New Zealand Dollar, NZD/USD, CPI – Market Update: Recommended by Daniel Dubrovsky Get Your Free USD Forecast The New Zealand Dollar cautiously weakened in the aftermath of local inflation data. During the third quarter, New Zealand’s Consumer Price Index (CPI) grew by 5.6% compared to a year ago. This was slower than the 5.9% anticipated
NZD/USD has popped a few points in the early hours here on Monday with only New Zealand markets underway: The marking higher of the kiwi $ is a market dynamics move rather than an important shift in fundamentals. If you think the new government will solve all the problems the NZ economy is facing and
Share: NZD/USD fills a modest weekly bearish gap opening, though the upside potential seems limited. Geopolitical tensions benefit the safe-haven USD and act as a headwind for the risk-sensitive Kiwi. The uncertainty over the Fed’s rate-hike path caps the USD upside and lends support to the major. The NZD/USD pair attracts some buyers
Share: The NZD/USD is bounding higher as the US Dollar falls back on NFP data beats. Kiwi catches enough lift to tap the 0.6000 major level post-NFP. The Kiwi is now grasping to stay flat on the week. Friday markets are seeing a broad reversal of the week’s flows after the US Non-Farm
NZD/USD, GBP/NZD, NZD/JPY – Outlook: NZD/USD is holding above key support after RBNZ held rates steady. GBP/NZD has pulled back from stiff resistance; NZD/JPY’s range appears to be reinforced. What is the outlook and the key levels to watch in NZD/USD, GBP/NZD, and NZD/JPY? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast
Market Recap The significant upside surprise in US job opening numbers for August (9.61 million vs 8.8 million expected) prompted another negative session in Wall Street overnight, with a resilient labour market deemed to be providing more room for the Federal Reserve (Fed) to keep rates high for longer. US Treasury yields continued with their
Share: The Reserve Bank of New Zealand is expected to keep the Official Cash Rate unchanged at 5.5% in October. The RBNZ, with little room for surprises, may offer little help to the weak NZD/USD currency pair. The New Zealand Dollar shows a bearish tilt against the US Dollar after being rejected from
